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A “marketplace” smart contract facilitates the auction of NFTs and other digital assets. The contract itself allows users to list, bid, and sell assets through a trustless manner. The marketplace contract sometimes implements other token standards as it can optionally mint tokens as well. All smart contracts that fall under this classifications have similar functionality but are always customizable based on the developer’s implementation.

Note: These are non-technical definitions meant for a general audience and should not be used as legal definition
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